What if BTC corrects to $12k to weed out the laser eyes. I have nothing against it i think its cool but this is a risky financial asset we are dealing with and you have to wonder how strong some of the laser eye peoples hands are. Also it could be a campaign started by the CIA to get people to fomo BTC at their own peril so as to set up a smear campaign after it...
In September 2020, when bitcoin was 10400 I published an analysis with a 100k price target in the next 2 years, why I changed my target and duration of the bullish rally on April 13, 2021, just one day before Coinbase IPO. and on April 29, I updated my target to 42-46k between May 10-20th.
Why did I change my target?
The best answer to this question will receive...
After reaching some seriously bearish levels earlier today BTC has recovered pretty well so far. Now that its back in the zone it reduces the risk of it becoming resistance. Another small detail is that IF BTC gets back to $50k soon then you can trust the hodlers, which in some way could cause more people to invest. But lets see.
One final note: Daily is not...
If BTC is quick it can do a switcheroo and hit $52k+ before many people have a chance to buy. Its probably more hopium than anything else. But such price action is not unprecedented. But lets see.
PS. sorry about the indicator its a work in progress.
My Bitcoin Trading Plan For The Next Year. I Posted The $59,384 Short Level Weeks Ago And It Touched It Perfectly. Does Anyone Else Here Trade Price Action? Hoping That BTC Pops Soon To $56K For A Short Re-Add. See You Guys At $20K Where I'll Begin Accumulating Again, Just Like $3400. Not Financial Advice.
An uptrend, which is a series of higher swing highs and higher lows, reverses into a downtrend by changing to a series of lower highs and lower lows. (Investopedia)
I have published analysis before it happened!!!
Educational Article:
www.investopedia.com
